Bullish DailyPlay for Monday Feb 26th, 2018 – Northrop Grumman (NOC)
The bullish DailyPlay we chose for Monday Feb 26th is Northrop Grumman (NOC). NOC is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 2.49% move lower and its 1m and 6m trend has turned bullish on 2/23 and recently bounced higher off its $76 support level.
Northrop Grumman’s 1m and 6m trends turned bullish on 2/9 and recently bounced higher off its $348 support level. With a technical score of 9 (out of 10), NOC is a strong bullish stock that will likely continue higher.
As a stop loss, if NOC was to trade below $348 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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